The second Annual Research Conference of the International Monetary Fund took place in Washington, DC, on November 29 and 30, 2001. Speakers
included scholars from universities and other research institutions as well
as young researchers in the Fund. This year's conference had a focus on the
economic consequences of large devaluations and currency crises, stabilization
policies in emerging markets, and the political economy of economic reforms
and IMF programs. The Mundell-Fleming lecture was delivered by the Fund's Chief Economist, Ken Rogoff(1,153kb pdf file), in honor of one of the pre-eminent scholars of modern international finance, Rudi Dornbusch, whose influential "overshooting
model" of the exchange rate was published 25 years ago.

A Special Issue of the IMF Staff Papers, published in 2002, contains some papers presented at this conference (articles provided below in PDF format).

Final Program

Thursday, November 29:The Consequences of Large Devaluations and Currency Crises